CHINA/LEGISLATION: “President Donald Trump on Friday signed legislation that would kick Chinese companies off U.S. stock exchanges unless they adhere to American auditing standards, the White House said, giving the Republican one more tool to threaten Beijing with before leaving office next month…
The legislation, like many others taking a harder line on Chinese businesses, had passed Congress by large margins earlier this year. Lawmakers — both Democrats and Trump’s fellow Republicans — echo the president’s hard line against Beijing…
The act would also require public companies to disclose whether they are owned or controlled by a foreign government.”
-Reuters, “Trump signs bill that could kick Chinese firms off U.S. stock exchanges,” CNBC.com, Dec. 18, 2020